Company Registration No. 14143698 (England and Wales)
Ritcher Air Ltd
Unaudited accounts
for the year ended 31 May 2023
Ritcher Air Ltd
Unaudited accounts
Contents
Ritcher Air Ltd
Company Information
for the year ended 31 May 2023
Directors
Charles Ritcher
Abigal Norris
Company Number
14143698 (England and Wales)
Registered Office
71/75 Shelton Street
Covent Garden
London
WC2H 9JQ
united Kingdom
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Ritcher Air Ltd
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
42,203
Creditors: amounts falling due within one year
(58,609)
Called up share capital
100
Profit and loss account
83,966
Shareholders' funds
84,066
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2023 and were signed on its behalf by
Charles Ritcher
Director
Company Registration No. 14143698
Ritcher Air Ltd
Notes to the Accounts
for the year ended 31 May 2023
Ritcher Air Ltd is a private company, limited by shares, registered in England and Wales, registration number 14143698. The registered office is 71/75 Shelton Street, Covent Garden, London, WC2H 9JQ, united Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ritcher Air Ltd
Notes to the Accounts
for the year ended 31 May 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
Additions
1,854
5,000
715
7,569
At 31 May 2023
1,854
5,000
715
7,569
Charge for the year
463
1,250
179
1,892
At 31 May 2023
463
1,250
179
1,892
At 31 May 2023
1,391
3,750
536
5,677
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
Taxes and social security
18,865
Loans from directors
35,765
7
Average number of employees
During the year the average number of employees was 1.